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Diamond Trend

Indicator which identifies Trend and also buy/sell opportunities. Use for entries aligned to the Trend. 

Although Diamond Trend is very accurate identifying entry points, it is always recommended to use a support indicator in order to reconfirm the operation.

Remind to look for those Assets and Timeframes which best fit to your trader behavior/need... Valid for Scalping and Long Term operations.

Please, set up a Bars Chart to be able to visualize the indicator properly... 

...And remind to give DT some stars, share your reviews, suggestions and include me in your MQL5 contact list to be up to date about News or Updates! 


Inputs:

EMA Value for Long Term Trend -> Long Term Trend value to set up

Control Bar Period -> Period you would need to control bars variation. The lowest the more volatility... 

Control Level (1-5)-> Bars Control as per the trend... The lowest the more stability in those bars which moved under the actual trend.

Change Level (1-5)-> Bars Control breaking the trend... The highest the most a bar would need to change the trend.


Main output values which are provided by Diamond Divergence into the Data Window (If you want to use these in your own EA):

Trend: If the actual overall trend is Bullish or Bearish (values would be 1 or -1, respectively)

Bar Trend: if the Bar is Bullish or Bearish into the trend (values would be 1 or -1, respectively)


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Currently 20% OFF ! This dashboard is a very powerful piece of software working on multiple symbols and up to 9 timeframes. It is based on our main indicator (Best reviews:   Advanced Supply Demand ). The dashboard gives a great overview. It shows: Filtered Supply and Demand values including zone strength rating, Pips distances to/and within zones, It highlights nested zones, It gives 4 kind of alerts for the chosen symbols in all (9) time-frames. It is highly configurable for your personal
Advanced Currency IMPULSE with ALERT
Bernhard Schweigert
4.9 (483)
Indicators
CURRENTLY 31% OFF !! Best Solution for any Newbie or Expert Trader! This indicator is a unique, high quality and affordable trading tool because we have incorporated a number of proprietary features and a secret formula. With only ONE chart it gives Alerts for all 28 currency pairs. Imagine how your trading will improve because you are able to pinpoint the exact trigger point of a new trend or scalping opportunity! Built on new underlying algorithms it makes it even easier to identify and confir
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